Near Financials
| NEAR Crypto | USD 6.20 0.06 0.98% |
Near |
Please note, the presentation of Near's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Near's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Near's management manipulating its earnings.
Near Crypto Summary
Near competes with Staked Ether, Cronos, Wrapped Bitcoin, XMR, and Tether. Near is peer-to-peer digital currency powered by the Blockchain technology.| Exchange Type | CRYPTO Exchanges |
| Exchange | Others |
| Benchmark | Dow Jones Industrial |
| Currency | USD - US Dollar |
Near Systematic Risk
Near's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Near volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Near correlated with the market. If Beta is less than 0 Near generally moves in the opposite direction as compared to the market. If Near Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Near is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Near is generally in the same direction as the market. If Beta > 1 Near moves generally in the same direction as, but more than the movement of the benchmark.
Near Thematic Clasifications
Near is part of USD Crypto Fund investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Cryptocurrency traded in US dollars. Fund from digital currency traded on multiple global exchanges in US dollors.
This theme covers Cryptocurrency traded in US dollars. Fund from digital currency traded on multiple global exchanges in US dollors. . Get More Thematic Ideas
| USD Crypto Fund | View |
Near November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Near help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Near. We use our internally-developed statistical techniques to arrive at the intrinsic value of Near based on widely used predictive technical indicators. In general, we focus on analyzing Near Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Near's daily price indicators and compare them against related drivers.
| Downside Deviation | 4.97 | |||
| Information Ratio | 0.0598 | |||
| Maximum Drawdown | 27.3 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 9.81 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Near. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.